Free $25 Commodity Investor Kit

Includes : Charts, Market Information, Informative News Articles, Market Alerts, Exchange Brochures, Research, Managed Futures Information, and much more!!

CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

Resource Pages | Friend Pages

Strength in the EC might be the most surprising move

Market News

Top Day Market News

6.13.12

We get a potential market mover today with the release of retail sales at 8:30. Also, Produce Price Index, Core PPI (minus food and energy without which life itself would not be possible) and oil inventories at 10:30.

Overnight, fairly quiet. Strength in the EC might be the most surprising move. Of course, the theatrical moment of the day will be the testimony of Jamie Dimon today on the Hill. The question is was the Whale managing risk or running a book? As long as banks are being run as hedge funds, Whales will beach themselves with greater frequency than one would think.

As far as the Eurozone sovereign debt problem, the Germans drag their heels because in their eyes a bailout, by the book, is non-constitutional (it violates the Maastricht treaty). They also point to the Bundesbank financing of the Greek and Portuguese current account deficits with contributions of $874 billion over 5 years and the purchase of $250 billion in government bonds by the ECB. If Greece, Portugal, Italy, Ireland and Spain repudiate their debts, Germany would lose $899 billion and if the Euro fails as a currency, they would lose $1.35 trillion. They also refer to the Marshall plan which helped Germany return to economic viability after WW2 which in today’s dollars would be equivalent of $5 billion dollars. If you apply these numbers to aid offered to Greece, they have received the equivalent of 115 Marshall plans and the situation hasn’t approved.

 

Week of June 11 - June 15

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Jun

12

 

08:30

 

Export Prices ex-ag.

 

May

 

 

NA

 

NA

 

0.2%

 

Jun

12

 

08:30

 

Import Prices ex-oil

 

May

 

 

NA

 

NA

 

0.1%

 

Jun

12

 

14:00

 

Treasury Budget

 

May

 

 

NA

 

-$125.0B

 

-$57.6B

 

Jun

13

 

07:00

 

MBA Mortgage Index

 

06/09

 

 

NA

 

NA

 

1.3%

 

Jun

13

 

08:30

 

Retail Sales

 

May

 

 

-0.3%

 

-0.2%

 

0.1%

 

Jun

13

 

08:30

 

Retail Sales ex-auto

 

May

 

 

-0.1%

 

0.0%

 

0.1%

 

Jun

13

 

08:30

 

PPI

 

May

 

 

-0.4%

 

-0.7%

 

-0.2%

 

Jun

13

 

08:30

 

Core PPI

 

May

 

 

0.1%

 

0.2%

 

0.2%

 

Jun

13

 

10:00

 

Business Inventories

 

Apr

 

 

0.2%

 

0.2%

 

0.3%

 

Jun

13

 

10:30

 

Crude Inventories

 

06/09

 

 

NA

 

NA

 

-0.111M

 

Jun

14

 

08:30

 

Initial Claims

 

06/09

 

 

375K

 

375K

 

377K

 

Jun

14

 

08:30

 

Continuing Claims

 

06/02

 

 

3250K

 

3275K

 

3293K

 

Jun

14

 

08:30

 

CPI

 

May

 

 

-0.3%

 

-0.2%

 

0.0%

 

Jun

14

 

08:30

 

Core CPI

 

May

 

 

0.1%

 

0.1%

 

0.2%

 

Jun

14

 

08:30

Current Account

Balance

 

Q1

 

 

-$130.0B

 

-$130.9B

-

$124.1B

 

Jun

15

 

08:30

Empire

Manufacturing

 

Jun

 

 

10.0

 

13.5

 

17.1

 

Jun

15

 

09:00

Net Long-Term TIC Flows

 

Apr

 

 

NA

 

NA

 

$36.2B

 

Jun

09:15

Industrial Production

May

 

0.1%

0.1%

1.1%

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

15

 

 

 

 

 

 

 

 

Jun

15

 

09:15

 

Capacity Utilization

 

May

 

 

79.2%

 

79.1%

 

79.2%

 

Jun

15

 

09:55

 

Mich Sentiment

 

Jun

 

 

77.0

 

77.0

 

79.3

 

 

MARKET PLACE

 

Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.


Legend

U is Up

D is Down

PRD is Potential Reversal Day S2 is Weekly strong support S1 is Weekly good support

DS is Daily Support

DR is Daily Resistance

R1 is Weekly Good Resistance and is calculated once a week on

Sunday night

R2 is Weekly Strong Resistance and is calculated once a week on

Sunday night

Levels are for the most active futures contract

Daily Support and Resistance


 

Trend

WS2

WS1

DS

DR

WR1

WR2

Sept ES

U

1241.50

1281.50

1304.50

1328.00

1342.5

0

1363.25

Sept Nasdaq

U

2387.50

2472.25

2517.75

2559.50

2603.2

5

2649.50

June Yen


D

123.50

124.70

125.01

126.25

127.62

129.40

June EC


D

122.65

123.86

124.04

125.39

126.76

127.47

Sept 10

Year

D

132.02

132.27

132.20

133.23

134.17

135.20

Sept 30 Year


D

145.08

147.14

147.02

149.09

151.15

154.10

Nov Soybeans


U

12.07

12.70

13.23

13.50

13.63

14.07

Sept Corn


U

5.02

5.265

 

 

5.63

5.76

Aug Gold

U

1511.90

1553.50

1593

1638

1639.5

0

1683.90

July Silver


D

26.78

27.62

28.49

29.22

29.57

30.69

July Copper


D

313

322

330

338

341

352

July Crude


U

78.37

81.35

81.68

84.33

87.17

90.01

 

 

 

 

 

 

 

 

 
News